Business

Africa50, the specialist investor in African infrastructure, has announced the appointment of Djalal Khimdjee as Chief Executive Officer of its Africa50 Principal Investment Fund (formerly Africa50 Project Finance), effective 1 August 2026. With more than 25 years of experience spanning infrastructure investment, executive leadership and development finance, Djalal Khimdjee will lead the Fund through its next phase of growth, scaling…

The Federal Government has opened applications for the iDICE Startup Bridge Growth Lab, a 12-week accelerator programme that will provide up to $350,000 in funding to 12 promising Nigerian technology startups. The initiative, implemented by the Bank of Industry under the Investment in Digital and Creative Enterprises (iDICE) Programme, will select two startups from each of Nigeria’s six geopolitical zones…

First HoldCo Plc on Monday announces its unaudited results for the half year ended June 30, 2026 with gross earnings at N1.93trillion, about 16.7per cent increase over N1.66 trillion reported in the half year ended June 30, 2025.   One of the oldest banks in Nigeria in its H1 2026 result and accounts on the Nigerian Exchange Limited (NGX)  declared profit…

The Board of Directors of Central Securities Clearing System (CSCS) Plc under the leadership of its Chairman, Mr. Temi Popoola, has approved an interim dividend of N1.00 per ordinary share for the six months ended 30 June 2026, marking the first interim dividend in the Company’s history. Reflecting the Board’s confidence in CSCS’ long-term strategy, the landmark decision marks an…

A group of analysts at Cordros Research have hinted that the Monetary Policy Committee (MPC)of the Central Bank of Nigeria (CBN) will retain its monetary policy rate at 26.50 per cent, while keeping other parameters constant. The committee will hold its 306th meeting on 20 – 21 July 2026.  The analysts at Cordros Research stated that, “ We believe the…

Dual-listed telecommunications giant, Airtel Africa Plc, has crossed a major milestone in its capital restructuring drive, repurchasing a cumulative total of 12,864,569 ordinary shares since the launch of its share buyback programme in May this year. In a corporate disclosure sent to the Nigerian Exchange Limited, the telecommunications firm confirmed that the multi-million-unit buyback was executed at a volume-weighted average…

The Federal Government has approved an enhanced production-linked tax credit of $11.50 per barrel for Shell Plc’s Bonga Southwest Aparo deepwater oil project, a move expected to unlock billions of dollars in fresh investment into Nigeria’s oil and gas sector. President Bola Tinubu first approved the gazetting of investment-linked incentives for the project on January 22, 2026, as part of…

Nigeria’s renewable energy industry is increasingly turning its attention to battery storage and smart energy systems as falling technology costs reshape the economics of clean power. At the Solar & Storage Live Nigeria 2026 conference in Lagos, industry leaders said the next phase of the country’s energy transition will depend not only on expanding solar generation but also on investing…

The National Information Technology Development Agency (NITDA) has emphasised that expanding digital infrastructure is critical to Nigeria’s industrialisation agenda, describing technology as a key driver of economic growth and national development. The agency made this known at the maiden edition of the Nigeria Infrastructure Conference (INFRACON 2026), organised by the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture…

The Group Managing Director and Chief Executive Officer of HBM Nigeria Plc, Lolu Alade-Akinyemi, has said the company will continue to invest in its host communities while pursuing long-term business growth, stressing that sustainability remains central to its operations across Nigeria. Alade-Akinyemi spoke during a media engagement in Lagos on Monday, where the company provided further insight into its recent…